An executive from Blackstone Group said on Wednesday that the firm still intends to complete two property deals in Shanghai, contradicting previous media reports that the US private equity giant had pulled out, Reuters reported. The firm’s global head of retail Robert Welanetz, speaking on the sidelines of a conference in Macau, disputed reports that Blackstone had dropped a deal to buy a 90% share in a commercial office building owned by Hong Kong-listed VXL Capital for US$160 million. "It’s still moving forward. It’s not that I hope we’ll do a deal, I know we’re doing a deal. I think it will be sooner than later." He also said that Blackstone was "still in dialogue" over the purchase of the new Skymall shopping center, owned by Super Ocean Group.
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